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Stock Market & Financial Investment News

News Breaks
January 22, 2013
07:07 EDTWYN, FCHFelcor Lodging converting eight hotels to Wyndham properties
FelCor Lodging Trust Incorporated (FCH) will re-brand, renovate and reposition eight Holiday Inn properties to the Wyndham Hotels and Resorts brand effective March 1, 2013. Wyndham Hotel Group (WYN) will manage the hotels under long-term management agreements with a performance guaranty. This agreement includes a $100M guaranty from Wyndham Worldwide Corporation over the 10-year term of the agreement, with an annual guaranty of up to $21.5M that ensures a minimum annual NOI for the eight hotels.
News For FCH;WYN From The Last 14 Days
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March 26, 2015
16:09 EDTWYNStarwood rises after FTC notice sparks takeover speculation
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15:56 EDTWYNStarwood could be worth $103/share in buyout, says SunTrust
SunTrust says the FTC's move to grant early termination notice on the potential Senator Global Opportunity Offshore Fund, Starwood deal could be driving some takeover speculation in the name. The firm sees Wyndham (WYN) as the most likely acquirer, and estimates that Starwood (HOT) could be worth $103 in a takeout scenario. SunTrust questions whether the speculation is "all smoke and no fire," however, and keeps a Neutral rating on the stock with an $85 price target.
March 25, 2015
14:11 EDTFCHSunTrust downgrades hotel stocks citing macro trends, weak bookings
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10:00 EDTFCHOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AB InBev (BUD) downgraded to Reduce from Overweight at HSBC... BreitBurn Energy (BBEP) downgraded to Sell from Neutral at UBS... DiamondRock (DRH) downgraded to Reduce from Neutral at SunTrust... Ethan Allen (ETH) downgraded to Hold from Buy at Gabelli... Felcor Lodging (FCH) downgraded to Neutral from Buy at SunTrust... Finish Line (FINL) downgraded to Neutral from Buy at B. Riley... Hannover Re (HVRRY) downgraded to Sell from Hold at Deutsche Bank... Hersha Hospitality (HT) downgraded to Reduce from Neutral at SunTrust... Host Hotels (HST) downgraded to Reduce from Neutral at SunTrust... ING Groep (ING) downgraded to Neutral from Buy at Goldman... Informatica (INFA) downgraded to Neutral from Buy at Mizuho... Kofax (KFX) downgraded to Hold from Buy at Canaccord... LRR Energy (LRE) downgraded to Sell from Neutral at UBS... LaSalle Hotel (LHO) downgraded to Reduce from Neutral at SunTrust... Munich Re (MURGY) downgraded to Sell from Hold at Deutsche Bank... Orbital ATK (OA) downgraded to Market Perform from Outperform at Wells Fargo... PCTEL, Inc. (PCTI) downgraded to Neutral from Buy at B. Riley... Quest Diagnostics (DGX) downgraded to Hold from Buy at Deutsche Bank... SJW Corp. (SJW) downgraded to Neutral from Outperform at RW Baird... Selective Insurance (SIGI) downgraded to Neutral from Buy at BofA/Merrill... Sonus (SONS) downgraded to Hold from Buy at Wunderlich... Starwood (HOT) downgraded to Neutral from Buy at SunTrust... Synchrony Financial (SYF) downgraded to Neutral from Buy at BofA/Merrill... Tesla (TSLA) downgraded to Underperform from Outperform at CLSA... Twitter (TWTR) downgraded to Hold from Buy at Pivotal Research... ZAGG (ZAGG) downgraded to Market Perform from Outperform at Northland... iDreamSky (DSKY) downgraded to Neutral from Overweight at JPMorgan.
07:04 EDTFCHFelcor Lodging downgraded to Neutral from Buy at SunTrust
SunTrust's industry checks indicate significant weakness in forward bookings due to FX impact on international tourism, lower oil prices, and increased supply. The firm said companies with the most exposure to New York City, Los Angeles, Hawaii, Miami, Seattle, and Houston have the most risk. Additionally, SunTrust said Q2-Q3 U.S. Upper Upscale RevPAR tracking is only tracking to the low-end of the +4-6% range. Due to exposure to the markets at risk and valuation, SunTrust downgraded Felcor to Neutral and maintained its $13 price target.
March 19, 2015
14:11 EDTFCHFelcor Lodging sees FY16 adjusted FFO $1.18, consensus $1.01
14:09 EDTFCHFelcor Lodging sees FY16 core RevPar $162M
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14:07 EDTFCHFelcor Lodging sees FY16 adjusted FFO $1.18
Guidance taken from company slides presentation.
March 18, 2015
08:39 EDTFCHFelcor Lodging announces sale of Embassy Suites San Antonio for $29.5M
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